Rolling coverage of the latest economic and financial news, as hopes of a trade war breakthrough this week grip marketsLatest: China open to `partial deal´, when talks resume tomorrowBank of England: trade war is hurting global growthIntroduction: trade talks resume, but relations look weakUS blacklists companies over Xinjiang abusesChina: US must stop `irresponsible remarks` 4.45pm BST Finally, European stock markets have shrugged off this morning´s pessimism, closing higher tonight.The FTSE 100 has finished 23 points higher at 7,166, up 0.3%.Traders breathed a sigh of relief that there were no more negative headlines ahead of the US - Sino trade talks, due to start tomorrow. With the Trump administration blacklisting 28 Chinese tech firms and limiting Chinese officials visa the talks had looked destined to fail even before they had begun. However, more recently this afternoon, reports are circulating that China is still interested in achieving a deal, just a much more limited deal and on the condition that no more tariffs are imposed by Trump. This would not be the broad trade agreement that could put an end to the trade dispute; optimism for such a deal is running low. However, the markets would accept a limited deal as a significant improvement from the current situation. But let´s not forget we have been here many times before, where the markets are optimistic of progress only to be disappointed. 3.09pm BST Here´s our news story on the rescue of Thomas Cook´s retail arm by Hays Travel, the Just Go Travel operator: Related: Up to 2,500 Thomas Cook jobs saved as UK stores bought up Continue reading...
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